Multiple choice

Under FEMA, the term authorized person means

  1. authorized dealers, money changers and all banks

  2. authorized dealers and all banks

  3. authorized dealers and money changers

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Sec 2 (c) of FEMA 1999 define Authorised Persons means as Authorised Dealer, Money Changer, Offshore Banking Unit or any other person authorised u/s 10 (1) to deal in Foreign Exchange or Foreign Securities.

Keep practicing — related questions